Autumn Statement 2012 date set

This year's Autumn Statement will take place on Wednesday 5 December, Chancellor George Osborne has announced.

The Chancellor is expected to give an update on public finances and the state of the economy alongside the latest economic forecasts from the Office for Budget Responsibility (OBR).

Last year's Autumn Statement saw a series of announcements designed to boost business growth and finance, including credit easing through the National Loan Guarantee Scheme and Business Finance Partnership.

This year, these schemes could be rolled into one in what is being put forward as a business bank specifically to lend more money to small and medium sized businesses.

We will be covering the Autumn Statement live on the 5 December so keep an eye on our website for up to date information and our round-up of the key announcements.